zcash miner | Breaking Cybersecurity News | The Hacker News

The developers behind the privacy-minded Zcash cryptocurrency have recently discovered and patched a highly dangerous vulnerability in the most secretive way that could have allowed an attacker to coin an infinite number of Zcash (ZEC). Yes, infinite… like a never-ending source of money. Launched in October 2016, Zcash is a privacy-oriented cryptocurrency that claims to be more anonymous than Bitcoin, as the sender, recipient, and value of transactions remain hidden. In a blog post published today, the Zerocoin Electric Coin Company—the startup behind Zcash—revealed that one of its employees, Ariel Gabizon, discovered the vulnerability in its code on 1st March 2018, the night prior to his talk at the Financial Cryptography conference almost a year ago. Gabizon contacted Sean Bowe, a Zcash Company's cryptographer, immediately after discovering the counterfeiting vulnerability, as dubbed by the team, and the team decided to keep the flaw secret in order to avoid the risk o

Since its launch over a month ago, new virtual currency Zcash (ZEC) has become a significant way for cybercrooks to make money by infecting computers with software mining program. Launched in late October, Zcash (ZEC) is a new cryptocurrency currency that claims to be more anonymous than Bitcoin, as the sender, recipient and value of transactions can be hidden. With this premise, Zcash attracted significant interest from academics, investors, miners, and cyber criminals. Within the first few hours of its launch, 1 ZEC reached $30,000, a relatively high value any cryptocurrency ever had. At the time of writing, 1 ZEC is worth 0.06 BTC or around $49. However, according to a blog post published on Monday by Kaspersky Lab, cyber criminals have already started deploying malware that installs on and infects the computers of unsuspecting users and then uses their resources to mine Zcash for the hacker's profit. You Might have Zcash Mining Malware on Your PC! The actual s

Identities now transcend human boundaries. Within each line of code and every API call lies a non-human identity. These entities act as programmatic access keys, enabling authentication and facilitating interactions among systems and services, which are essential for every API call, database query, or storage account access. As we depend on multi-factor authentication and passwords to safeguard human identities, a pressing question arises: How do we guarantee the security and integrity of these non-human counterparts? How do we authenticate, authorize, and regulate access for entities devoid of life but crucial for the functioning of critical systems? Let's break it down. The challenge Imagine a cloud-native application as a bustling metropolis of tiny neighborhoods known as microservices, all neatly packed into containers. These microservices function akin to diligent worker bees, each diligently performing its designated task, be it processing data, verifying credentials, or